No stock picks today – but I am getting closer to a hedge position for my equity holdings – will post when completed.
Apparently, the Market if very happy with the French election results from Sunday:
- MarketWatch – The market is going bonkers over France’s election result — here’s how in 5 wild charts
- Bloomberg – Markets Surge After French Election Result
I don’t get it – but markets are ripping higher this morning.
As a poster child for this rally, Netflix is raising more money from the debt market:
- Business Insider – Netflix is taking on over $1 billion in new debt
I guess massive negative cash flows are a good thing? I really, really don’t get it – Netflix loses money on every subscriber that joins, but the stock is on fire.
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